This whole format is a dead end. Clubhouse user growth and engagement is stalled out (and likely in decline). Not that Facebook minds. The millions spent cloning Clubhouse are a rounding error on their financial statements.
With that said, I think Clubhouse could be in a way better position if they'd used their head start to actually work on making the product not awful.
I have listened to 1-2 conversations where I've thought hey this has some value, but every time I open up and scroll through it it looks like early 2000's email spam except with emojis. Super low value topics like hustle harder or marketing nonsense.
With social apps the algorithm is everything. I mean just look at Tik Tok. I feel like Clubhouse could have tried harder to make a magical experience where you opened it up and an interesting conversation was tossed your way. Oh well.